#TariffsPause

In April 2025, President Trump announced a 90-day pause on additional tariffs for most countries, maintaining a 10% baseline tariff. However, tariffs on Chinese imports were increased to 145%, intensifying trade tensions. The pause aimed to stabilize markets and allow time for negotiations, but Trump indicated that another extension is unlikely. Economists warn that prolonged tariffs could lead to higher consumer prices and supply chain disruptions, with potential job losses. Business leaders, including Bill Ackman, advocate for reducing tariffs to 10%-20% to prevent permanent shifts in supply chains away from China. Despite some exemptions on tech products, uncertainty remains, and the global economy watches closely as the pause nears its end.